Zip 49622 (Central Lake, MI) Housing

The housing market in 49622 Central Lake, MI is thriving. The median value of homes in the area is $256,600, which is significantly lower than the US house median value of $338,100. While housing values across the United States increased by 8.27%, Central Lake saw an even larger appreciation rate of 15.49%. This indicates that Central Lake is a desirable place to live and that its real estate market is strong.

The median home cost in Central Lake (zip 49622) is $256,600. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Central Lake (zip 49622) is up 19.8%.

Average Age of Homes

- The median age of Central Lake (zip 49622) real estate is 43 years old

The Rental Market in Central Lake (zip 49622)

- Renters make up 9.3% of the Central Lake (zip 49622) population
- 1.0% of houses and apartments in Central Lake (zip 49622), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Central Lake, Michigan	United States
	1,844.0	139,647,020.0
	48	42
	$256,600	$338,100
	19.8%	16.6%
	69.9%	57.0%
	122.2%	101.1%
	$9.10	$10.98
	$1,387	$2,690
	49.6%	57.4%
	43.9%	11.2%
	6.5%	31.4%
Vacant Housing
	1.0%	1.9%
	0.0%	0.4%
	1.9%	0.7%
	0.7%	0.4%
	37.5%	3.6%
	2.8%	4.1%
Value of Owner-Occupied Housing
	0.4%	2.6%
	2.7%	2.4%
	6.3%	2.8%
	8.4%	3.9%
	11.9%	4.5%
	18.9%	11.3%
	16.4%	13.0%
	15.3%	20.1%
	5.4%	13.6%
	4.8%	8.3%
	5.0%	9.7%
	2.7%	3.9%
	1.6%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	8.6%	13.6%
	8.6%	13.6%
	15.9%	13.6%
	11.1%	13.2%
	18.1%	14.8%
	15.9%	13.6%
	12.0%	10.0%
	9.9%	4.7%
	12.1%	12.2%

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